Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days! PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days!

Time Stamp: August 12, 2022 2:46 PM
Ethereum

Ethereum (ETH) Price Analysis

Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days! PlatoBlockchain Data Intelligence. Vertical Search. Ai.
  • The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago
  • As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels
  • Currently, the price has formed a minute bullish flag which may uplift the price above $2100 in a short while from now
  • Once the ETH price slices through these levels then it may range high to test the next target at $2400 which may pave the way to secure levels above $2500

Ethereum (ETH) Technical Analysis

Technical Indicators

Technical Indicators Value (STF/HTF) Action (STF/HTF)
Relative Strength Index(RSI) 65.03 / 46.34 Buy / Neutral
MACD 54.43 / -391.45 Buy / Sell
Average Directional Index(ADX) 23.65 / 31.16 Neutral / Neutral
Average True Range(ATR) 51.34 / 375.22 Less Volatility / Less Volatility
Bull-Bear Power 73.36 / 112.88 Buy / Buy

Pivot Levels

Pivot Levels Short Term Long Term
Resistance $2100 $2978
Support  $1744 $1013
Moving Average(MA)-50 $1732.78 $2892.34
Moving Average(MA)-200 $1460.84 1239.55

The Ethereum (ETH) price is extremely bullish in all the time zone as all the indicators are flashing a huge buy signal. Therefore, the asset appears to be poised to achieve the higer targets very soon.

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